Who is New Era Asset Management?
New Era Asset Management, LLC (NEAM) is a debt collection agency located in Buffalo, New York. Their primary role is to recover overdue payments from individuals on behalf of various businesses or institutions.
If New Era Asset Management is tasked with handling an unpaid debt that you owe, their name may appear on your credit report as a collections account.
Who does New Era Asset Management collect for?
New Era Asset Management has a broad spectrum of clientele spanning several industries. This includes, but is not limited to, credit card companies and healthcare providers.
Is New Era Asset Management legit or a scam?
New Era Asset Management, LLC is a legitimate company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove New Era Asset Management from my credit report?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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New Era Asset Management, LLC Contact Information
Address:
New Era Asset Management, LLC
701 Seneca St. Ste 655
Buffalo, NY 14210-1372
Phone number: (866) 901-3406
Should I contact or pay New Era Asset Management?
It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with New Era Asset Management is to work with a credit repair professional. They help remove millions of negative items every year from companies like New Era Asset Management, LLC on behalf of their clients.
Will New Era Asset Management sue me or garnish my wages?
New Era Asset Management (NEAM) does have the legal capacity to sue for unpaid debt. If they go to court and win the case, obtaining a judgment against you, they could potentially garnish your wages or even levy your bank account, subject to your state laws.
However, the lawsuit route is typically considered a last resort due to its cost and time-consuming nature. More often, debt collectors aim to establish a mutually agreeable payment plan or negotiate a debt settlement.
New Era Asset Management, LLC Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with New Era Asset Management, LLC
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for New Era Asset Management to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- New Era Asset Management may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- New Era Asset Management must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- New Era Asset Management cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove New Era Asset Management From Your Credit Report Today!
Credit Saint can assist you in disputing New Era Asset Management collection accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.
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